Bay Street May Open Higher; Inflation Data Eyed

RTTNews | 254 일 전

(RTTNews) - Canadian shares are likely to open on positive note Tuesday morning, tracking higher oil and metal prices. However, Canada's consumer price inflation data, due before the opening bell, holds the key.

Worries about U.S. tariffs, and geopolitical tensions could weigh on sentiment and limit market's upside.

The annual inflation rate in Canada eased to 1.8% in December of 2024 from 1.9% in the previous month, to mark the softest rate of price growth since September. The Consumer Price Index decreased 0.4% month-over-month in December, the first decline in three months, after a flat reading in November,

The annual core inflation rate in Canada rose to a six-month high of 1.8% in December 2024, up from 1.6% in the prior month. On a monthly basis, core consumer prices fell by 0.3% in December, following a 0.1% decrease in the previous month.

CGI Inc (GIB.A.TO) will be in focus after Volkswagen Group announced an enhanced global collaboration with CGI. The strategic move aims to enhance the Volkswagen Group's long-term capabilities to build a robust IT infrastructure for the future. Volkswagen and CGI have launched a new entity called MARV1N, to help develop digitalization projects and provide support for Volkswagen's developers.

Cargojet Inc (CJT.TO) reported adjusted net profit of $27.2 million or $1.71 per diluted share for the fourth-quarter of 2024, compared to $5.8 million or $0.34 per diluted share in the year-ago quarter.

The Canadian market ended notably lower on Friday with investors reacting to some weak earnings updates, and data showing weaker than expected U.S. retails data. Worries about potential new tariffs by the Trump administration weighed as well on sentiment.

The benchmark S&P/TSX Composite Index ended down 215.28 points or 0.84% at 25,483.23, slightly off the day's low of 25,470.77. The index gained a marginal 0.14% in the week.

Asian stocks closed mixed on Tuesday amid U.S. tariff concerns and ahead of Ukraine peace talks in Saudi Arabia.

European stocks are slightly higher in cautious trade with investors reacting to quarterly earnings updates, and closely monitoring the developments on the geopolitical front.

In commodities, West Texas Intermediate Crude oil futures are up $0.43 or 0.6% at $71.17 a barrel.

Gold futures are gaining $28.20 or 0.98% at $2,928.90 an ounce, while Silver futures are up $0.085 or 0.25% at $32.940 an ounce.

Swiss Market Settles Slightly Down

The Switzerland market ended slightly down on Thursday, after languishing in the red almost right through the day's session, with investors reacting to corporate earnings updates, and a report showing signs of an improved outlook in the Swiss economy.

RTTNews | 2 시간 20 분 전

European Stocks Close On Mixed Note After Central Bank Decisions, Earnings Deluge

European stocks turned in a mixed performance on Thursday as investors reacted to a slew of corporate earnings announcements from the region, and digested the interest rate decisions of the Federal Reserve, the European Central Bank and the Bank of Japan.

RTTNews | 2 시간 41 분 전

ECB Holds Interest Rates Steady Amid Uncertain Outlook

The European Central Bank maintained its key interest rates unchanged for a third policy session in a row on Thursday, as expected, as policymakers assessed that the outlook was broadly unchanged, but still uncertain due to global trade conflicts and geopolitical tensions.

RTTNews | 6 시간 22 분 전

Eurozone GDP Growth Beats Expectations

The euro area economy expanded at a faster pace in the third quarter as France and Spain reported strong growth, while Germany and Italy experienced stagnation, amid a highly uncertain outlook due to the ongoing trade policies and political instability. Gross domestic product climbed 0.2 percent sequentially in the September quarter, preliminary flash estimate from Eurostat showed on Thursday.

RTTNews | 7 시간 8 분 전

Bay Street Likely To Open Weak

Weak commodity prices, lower European stocks and U.S. and Canadian futures point to a negative start for the Canadian market on Thursday. The Federal Reserve and Bank of Canada lowered interest rates on Wednesday but have ruled out the possibility of another cut this year.

RTTNews | 8 시간 0 분 전

German Economy Stagnates On Weaker Exports; Unemployment Falls

The German economy stagnated in the third quarter, narrowly dodging a recession as higher U.S. tariffs damped exports and the optimism about the fiscal stimulus faded, while unemployment logged an unexpected moderate fall. Gross domestic product remained unchanged, as expected, following a revised decline of 0.2 percent in the second quarter, the preliminary estimate from Destatis revealed on T

RTTNews | 8 시간 3 분 전

FTSE 100 Moderately Lower; WPP Tanks On Lower Earnings, Forecast

The UK stock market is down in negative territory on Thursday, mirroring the trend in other major European markets, as investors react to the latest batch of earnings announcements from the domestic and global front, and some regional economic data.

RTTNews | 8 시간 52 분 전

CAC 40 Drifts Lower; Investors React To Earnings And Await ECB Policy

France's benchmark index CAC 40 is down in negative territory on Thursday with investors reacting to a slew of earnings updates and regional economic data, the Federal Reserve's interest rate cut and the warning that no further reduction is likely this year.

RTTNews | 9 시간 48 분 전

EURUSD	1.15644	GBPUSD	1.31417	AUDUSD	0.6554
USDJPY	154.109	USDCAD	1.39843	USDCHF	0.80135